The Tillster sinking faster than Titanic.....Who will reach the bottom quicker......Canopy or Tilray? As both companies seem headed fown there at a pretty quick pace......
Not sure WHAT was going through the mind of Tilray's Ceo, Mr. Irwin Simon, when he decided to buyout a nearly bankrupt entity like Hexo, and a really messed up one at that, in this horrid & hostile environment for cannabis stocks where NO ONE is making ANY money or profit! Tough one to decipher what Mr. Simon was thinking at the time or what the logic was to justify such a ill advised acquisition.
Having held Hexo's debt and being THE major creditor for the company, they could have waited for the imminent BK that was to come AND picked up the company's assets at liquidation prices for almost nothing. For pennies on the literal $$$ dollar, If that's what they wanted to do. BUT NO!!! Mr. Simon had to totally "bailout" the Hexxxster & his Canadian bussom buddies AND at crazy premium no less LMAO. You CANNOT make this crazy.....you kmow what.....up! Mr. Simon should receive the Crazy Bozo Clown Award for 2023, as this was major screw up of major porportions because of instead of focusing on his finduciary duty & the "interests" of s/h, who have been suffering for years lol, he decided to put his personal agenda ahead of that and bailout some friends.........at the expense of Tilray holders! Again you CANNOT make up this.......you know what!
Well, IF you guys, meaning ANYONE that's STILL an investor in Tilray or any other weed stock, STILL have not heeded my words for the past 4 years, i will repeat myself ONCE more......GTFO before you don't even a have a dollar left or to your name in these horrible investments! It's that plain & simple folks. For Tilray holders, they could have had a decent chance to get out of this mess with something leftover for s/h BEFORE that completely crazy nutball and totally not required, justified or ill advised acquisition of HeXXX'd. Butt now? I don't think even Tilray will make it out alive without every CURRENT s/h being completely wiped out and starting anew! That was one really messed up move that Mr. Simon did, probably THE move that will be it;s end and THE dead weight that will sink the Tilray cruise liner.
So once more my friends, i will repeat......GTFO before this stock gets cut in half AGAIN and the company takes the last & FINAL draconian measures to save the company from BK and s/h pay the ultimate price of ignorance....... ...And remember the following...... even though many of you have some massive, uncalculable & unthinkable losses in this, and have been suffering for years, and your investment has shrunk to almost nothing, it's STILL one dollar more than what will happen if you remain here much longer.........Just some words to live by!
And can somone explian to me why HeXX'dO is trading at a 30% premium LOL! They should be at $1 us dollar. Now that's some more bat crazy ......you know what lol......
GLTA